111Members of co-operative group

111 Members of co-operative group

111 Members of co-operative group

(1) The members of a co-operative group are—

(a) the co-operatives by which the co-operative group is formed; and

(b) any other co-operative, admitted to membership in accordance with the rules of the co-operative group; and

(c) any other corporation or other body admitted to membership in accordance with subsection (2).

(2) A corporation or other body, not being a co-operative, may be admitted to membership of the co-operative group if—

(a) it is incorporated or registered under any other law, whether or not a law of this jurisdiction; and

(b) in the opinion of the board of the co-operative group, it is designed to function in accordance with co-operative principles; and

(c) it is eligible to be admitted to membership in accordance with the rules of the co-operative group.